MCLEAN, Va., July 11, 2017 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”) announced today that its board of directors declared cash distributions for the months of July, August and September, 2017 and its plan to report earnings for the second quarter ended June 30, 2017.

Cash Distributions:

Common Stock: $0.125 cash distribution per common share for each of July, August and September, 2017, payable per Table 1 below. The Company has paid 150 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions. The Company has never skipped, reduced or deferred a monthly common stock distribution since inception, over 10 years ago.

Table 1: Summary of common stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount

July 19

July 21

July 31

$

0.125

August 17

August 21

August 31

$

0.125

September 18

September 20

September 29

$

0.125

Total for the Quarter:

$

0.375

Senior Common Stock: $0.0875 cash distribution per share of the Company’s senior common stock (“Senior Common”) for each of July, August and September, 2017, payable per Table 2 below. The Company has paid 87 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly Senior Common distribution.

Table 2: Summary of Senior Common cash distributions:

Payable to Holders of RecordDuring the Month of:

Payment Date

Amount

July

August 7

$

0.0875

August

September 8

$

0.0875

September

October 6

$

0.0875

Total for the Quarter:

$

0.2625

Series A Preferred Stock: $0.1614583 cash distribution per share of the Company’s 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) for each of July, August and September, 2017, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol “GOODP.” The Company has paid 138 consecutive monthly cash distributions on its Series A Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series A Preferred Stock distribution.

Table 3: Summary of Series A Preferred Stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount

July 19

July 21

July 31

$

0.1614583

August 17

August 21

August 31

$

0.1614583

September 18

September 20

September 29

$

0.1614583

Total for the Quarter:

$

0.4843749

Series B Preferred Stock: $0.15625 cash distribution per share of the Company’s 7.50% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) for each of July, August and September, 2017, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol “GOODO.” The Company has paid 129 consecutive monthly cash distributions on its Series B Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series B Preferred Stock distribution.

Table 4: Summary of Series B Preferred Stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount

July 19

July 21

July 31

$

0.15625

August 17

August 21

August 31

$

0.15625

September 18

September 20

September 29

$

0.15625

Total for the Quarter:

$

0.46875

Series D Preferred Stock: $0.1458333 cash distribution per share of the Company’s 7.0% Series D Preferred Stock (“Series D Preferred Stock”) for each of July, August and September, 2017, payable per Table 5 below. The Series D Preferred Stock trades on the NASDAQ under the symbol “GOODM.” The Company has paid 14 consecutive monthly cash distributions on its Series D Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series D Preferred Stock distribution.

Table 5: Summary of Series D Preferred Stock cash distributions:

Ex-Dividend Date

Record Date

Payment Date

Amount

July 19

July 21

July 31

$

0.1458333

August 17

August 21

August 31

$

0.1458333

September 18

September 20

September 29

$

0.1458333

Total for the Quarter:

$

0.4375

The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.

Earnings Announcement:

The Company also announced today that it plans to report earnings for the second quarter ended June 30, 2017, after the stock market closes on Monday, July 31, 2017. The Company will hold a conference call Tuesday, August 1, 2017 at 8:30 a.m. EDT to discuss its earnings results. Please call (888) 734-0328 to enter the conference call. An operator will monitor the call and set a queue for questions.

A conference call replay will be available after the call and will be accessible through September 1, 2017. To hear the replay, please dial (855) 859-2056 and use playback conference number 54350076.

The live audio broadcast of the Company’s conference call will be available online at www.gladstonecommercial.com. The event will also be archived and available for replay on the Company’s website through October 1, 2017.

Gladstone Commercial Corporation is a real estate investment trust (“REIT”) focused on acquiring, owning and operating net leased industrial and office properties across the United States. The Company currently owns 95 properties. Additional information can be found at www.gladstonecompanies.com.